Case Law Details
Case Name : Asstt. Commissioner of Income Tax, Vs Ms. Asha Kataria (ITAT Delhi)
Related Assessment Year : 2002- 03, 2003- 04 & 2006- 07
Courts :
All ITAT ITAT Delhi
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We have carefully considered the submissions and perused the records. We find that the value of the property in this case as reflected in the registered sale deed was Rs. 55,00,000/-. Reference u/s. 142A was made to the DVO by the Assessing Officer. DVO determined the value of the property at Rs. 70,36,700/- as against Rs. 55,00,000/- shown by the assessee. Hence, there was difference of Rs. 15,36,000/-. This was added to the income of the assessee. However, Ld. Commissioner of Income Tax (A) deleted the addition as there was no evidence of adverse material re
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